(Total Views: 51)
Posted On: 12/09/2024 3:32:34 PM
Post# of 171
SuperCom Ltd. (NASDAQ: SPCB) Offers Important Boost to Expanding Industry with Superior EM Tracking Technology
- The recent launch of electronic monitoring (“EM”) of court-supervised offenders in Manitoba’s capital, and the program’s recent push for expansion to more rural areas of the Canadian province, exemplifies the global growth of EM as a needed resource for law enforcement
- EM offender tracking represents a more efficient and cost-reducing means of providing security to citizens while also limiting increasingly expensive incarceration to qualifying criminal offenders
- Israel-based SuperCom has developed a flagship technology and companion monitoring service that provides a competitive advantage over legacy EM devices
- The company’s PureSecurity technology is driving significant advancements, and company officials have reported a number of key contract wins this year as it expands its footprint in Europe and North America
Technology developer SuperCom (NASDAQ: SPCB) is elevating the use of electronic monitoring (“EM”) of court-supervised individuals through GPS and RFID-enabled devices that are improvements over legacy services used for judicial system interests that include domestic violence offender tracking and house arrest monitoring.
SuperCom’s PureSecurity platform is a step up from the unpopular ankle monitors ubiquitous to the industry, using a sleek design that is wearable without being obvious to other people nearby, making it easier for monitored individuals to work and interact with others without the social stigma of a bulky device.
The PureSecurity products also feature a battery life of up to one year before needing to be recharged — an improvement over the monitors that continually have to be charged at an electrical outlet.
Worldwide, the use of EM devices has been expanding as a means of reducing the costs of incarceration and offering low-risk offenders a less punitive penalty that encourages positive social interactions.
The Canadian province of Manitoba, stretching from its border with the United States to its subarctic limits in the north, is an example of the growing use of EM, even in areas that are not heavily populated regions. The provincial government launched EM use in the metropolitan capital area of Winnipeg in August, where about two-thirds of Manitoba’s population resides. Following the evaluation of the initial successes, the government announced last month that it is expanding EM use to more rural areas, identifying towns in seven regions of the province.
“Enhancing the security of communities throughout the province is a priority for the Manitoba RCMP (Royal Canadian Mounted Police) and we appreciate all new technologies that help to support and achieve that goal,” Manitoba RCMP Chief Supt. Gord Corbett stated (https://nnw.fm/rtjzH ). “The electronic monitoring of those who are on release conditions is one more important tool that supports our mandate and helps keep Manitobans safe.”
The Manitoba government has allocated $2.9 million over two years for the program, according to the report, with an option for continuing the program in the future.
SuperCom has strengthened its footprint in the United States and Europe in recent months, securing new key contracts with officials in New York, West Virginia, Maryland, as well as in Israel and Romania, along with its ongoing business services.
The company also secured a new project in Canada that helps a long-standing partner transition from providing RF-based tracking technology to embracing new GPS technologies (https://nnw.fm/YlUXU ).
“We are pleased to announce another quarter of significant achievements, showcasing the continued strength and resilience of our business. … Year-to-date, revenue increased to $21.3 million, gross profit surged by 35% to $10.7 million, and our gross profit margin improved dramatically to 50.1% from 37.7% in the prior year period,” SuperCom President and CEO Ordan Trabelsi stated in the company’s report on Q3 finances (https://nnw.fm/LOUsW ). “Looking ahead, we remain focused on executing our strategy by delivering cutting-edge solutions, deepening relationships with existing clients, and entering new markets.”
For more information, visit the company’s website at www.SuperCom.com.
NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at https://nnw.fm/SPCB
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
- The recent launch of electronic monitoring (“EM”) of court-supervised offenders in Manitoba’s capital, and the program’s recent push for expansion to more rural areas of the Canadian province, exemplifies the global growth of EM as a needed resource for law enforcement
- EM offender tracking represents a more efficient and cost-reducing means of providing security to citizens while also limiting increasingly expensive incarceration to qualifying criminal offenders
- Israel-based SuperCom has developed a flagship technology and companion monitoring service that provides a competitive advantage over legacy EM devices
- The company’s PureSecurity technology is driving significant advancements, and company officials have reported a number of key contract wins this year as it expands its footprint in Europe and North America
Technology developer SuperCom (NASDAQ: SPCB) is elevating the use of electronic monitoring (“EM”) of court-supervised individuals through GPS and RFID-enabled devices that are improvements over legacy services used for judicial system interests that include domestic violence offender tracking and house arrest monitoring.
SuperCom’s PureSecurity platform is a step up from the unpopular ankle monitors ubiquitous to the industry, using a sleek design that is wearable without being obvious to other people nearby, making it easier for monitored individuals to work and interact with others without the social stigma of a bulky device.
The PureSecurity products also feature a battery life of up to one year before needing to be recharged — an improvement over the monitors that continually have to be charged at an electrical outlet.
Worldwide, the use of EM devices has been expanding as a means of reducing the costs of incarceration and offering low-risk offenders a less punitive penalty that encourages positive social interactions.
The Canadian province of Manitoba, stretching from its border with the United States to its subarctic limits in the north, is an example of the growing use of EM, even in areas that are not heavily populated regions. The provincial government launched EM use in the metropolitan capital area of Winnipeg in August, where about two-thirds of Manitoba’s population resides. Following the evaluation of the initial successes, the government announced last month that it is expanding EM use to more rural areas, identifying towns in seven regions of the province.
“Enhancing the security of communities throughout the province is a priority for the Manitoba RCMP (Royal Canadian Mounted Police) and we appreciate all new technologies that help to support and achieve that goal,” Manitoba RCMP Chief Supt. Gord Corbett stated (https://nnw.fm/rtjzH ). “The electronic monitoring of those who are on release conditions is one more important tool that supports our mandate and helps keep Manitobans safe.”
The Manitoba government has allocated $2.9 million over two years for the program, according to the report, with an option for continuing the program in the future.
SuperCom has strengthened its footprint in the United States and Europe in recent months, securing new key contracts with officials in New York, West Virginia, Maryland, as well as in Israel and Romania, along with its ongoing business services.
The company also secured a new project in Canada that helps a long-standing partner transition from providing RF-based tracking technology to embracing new GPS technologies (https://nnw.fm/YlUXU ).
“We are pleased to announce another quarter of significant achievements, showcasing the continued strength and resilience of our business. … Year-to-date, revenue increased to $21.3 million, gross profit surged by 35% to $10.7 million, and our gross profit margin improved dramatically to 50.1% from 37.7% in the prior year period,” SuperCom President and CEO Ordan Trabelsi stated in the company’s report on Q3 finances (https://nnw.fm/LOUsW ). “Looking ahead, we remain focused on executing our strategy by delivering cutting-edge solutions, deepening relationships with existing clients, and entering new markets.”
For more information, visit the company’s website at www.SuperCom.com.
NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at https://nnw.fm/SPCB
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
(0)
(0)Scroll down for more posts ▼
